Is Global X Financials Covered Call & Growth ETF halal to invest in?

As of September 2026, Global X Financials Covered Call & Growth ETF FYLG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Global X Financials Covered Call & Growth ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Global X Financials Covered Call & Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Financials Covered Call & Growth ETF updated?

The Shariah compliance status of Global X Financials Covered Call & Growth ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Global X Financials Covered Call & Growth ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of Global X Financials Covered Call & Growth ETF?

You can check the latest Shariah compliance status of Global X Financials Covered Call & Growth ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Global X Financials Covered Call & Growth ETF FYLG

FYLG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X Financials Covered Call & Growth ETF is classified as not halal.

NOT HALAL

Is Global X Financials Covered Call & Growth ETF Halal?

Shariah Compliance Analysis of FYLG ETF

US Equity Financials

No. As of September 2026, Global X Financials Covered Call & Growth ETF (FYLG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X Financials Covered Call & Growth ETF does not pass Musaffa's business and financial screening criteria.

FYLG was created on 2022-11-21 by Global X. The fund's investment portfolio concentrates primarily on financials equity. The ETF currently has 4.44m in AUM and 76 holdings. FYLG tracks an index that holds S&P 500 financial stocks and sells one-month, at-the-money call options on up to 50% of each stock.

Global X Financials Covered Call & Growth ETF (FYLG) Chart

Key Statistics of Global X Financials Covered Call & Growth ETF (FYLG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
60.21%
Financials
39.79%

FAQ's for Global X Financials Covered Call & Growth ETF (FYLG)

As of September 2026, Global X Financials Covered Call & Growth ETF FYLG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Global X Financials Covered Call & Growth ETF using these criteria to determine its compliance status.
The Shariah compliance status of Global X Financials Covered Call & Growth ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of Global X Financials Covered Call & Growth ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.